Nuugggeettt!!!

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  • Cakes
    Cakes Posts: 3,741 ✭✭✭✭✭
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    derry, are you saying you got out at $23?

    I did a buy and hold but I am also greedy.
    Successful coin BST transactions with Gerard and segoja.

    Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
  • derryb
    derryb Posts: 38,604 ✭✭✭✭✭
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    out at 23.00, 26% two day gain.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • Cakes
    Cakes Posts: 3,741 ✭✭✭✭✭
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    That's awesome but I just don't own enough to jump in and out so quickly. Maybe I need to change my way of thinking on this.
    Successful coin BST transactions with Gerard and segoja.

    Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
  • derryb
    derryb Posts: 38,604 ✭✭✭✭✭
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    Originally posted by: Cakes
    That's awesome but I just don't own enough to jump in and out so quickly. Maybe I need to change my way of thinking on this.

    Costs me $7 to jump in and $7 to jump out with Scottrade, regardless the number of shares. With these leveraged ETFs quickness is essential.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • Cakes
    Cakes Posts: 3,741 ✭✭✭✭✭
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    Both stocks have been dipping, seems like a nice time to buy.
    Successful coin BST transactions with Gerard and segoja.

    Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
  • bluelobster
    bluelobster Posts: 1,223 ✭✭✭
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    Looks like GDX and NUGT want to test the lows again.
  • derryb
    derryb Posts: 38,604 ✭✭✭✭✭
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    I'm in

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • MsMorrisine
    MsMorrisine Posts: 40,036 ✭✭✭✭✭
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    I'm running away

    Perhaps this is a contrary indicator

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • bluelobster
    bluelobster Posts: 1,223 ✭✭✭
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    GDX and NUGT gapping down this morning, GDX right at the at the 3 month low. but it hasn't broken yet.

    edit GDX has now broken support
  • OPA
    OPA Posts: 17,166 ✭✭✭✭✭
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    Originally posted by: derryb
    I'm in


    derryb....Hope you got out before the roof caved in.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • jmski52
    jmski52 Posts: 24,011 ✭✭✭✭✭
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    If volatility is what you're after, this is it.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • ChrisRx
    ChrisRx Posts: 5,619 ✭✭✭✭
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    Originally posted by: OPA
    Originally posted by: derryb
    I'm in


    derryb....Hope you got out before the roof caved in.


    Holy cow, you're not kidding! That "stock" acts more like a casino!
    image
  • derryb
    derryb Posts: 38,604 ✭✭✭✭✭
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    Originally posted by: OPA
    Originally posted by: derryb
    I'm in


    derryb....Hope you got out before the roof caved in.

    Yep, but am jumping back in at a better price.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • jmski52
    jmski52 Posts: 24,011 ✭✭✭✭✭
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    Bought a couple Gold Buffs. Lot's of dry powder, waiting to see what's next.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • bluelobster
    bluelobster Posts: 1,223 ✭✭✭
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    Looking at the charts, there's support at the low 22s for GDX and the low to mid 11s for NUGT, although it probably has to bounce before that, because it is so oversold.
  • RedneckHB
    RedneckHB Posts: 20,236 ✭✭✭✭✭
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    Originally posted by: OPA
    Originally posted by: derryb
    I'm in


    derryb....Hope you got out before the roof caved in.



    Strength of conviction can often result in less money.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • RedneckHB
    RedneckHB Posts: 20,236 ✭✭✭✭✭
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    Originally posted by: OPA
    Originally posted by: derryb
    I'm in


    derryb....Hope you got out before the roof caved in.



    Strength of conviction can often result in less money.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • RedneckHB
    RedneckHB Posts: 20,236 ✭✭✭✭✭
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    Originally posted by: OPA
    Originally posted by: derryb
    I'm in


    derryb....Hope you got out before the roof caved in.



    Strength of conviction can often result in less money.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • renman95
    renman95 Posts: 7,037 ✭✭✭✭✭
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    Sheesh, you can say that again.
  • Baley
    Baley Posts: 22,663 ✭✭✭✭✭
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    Originally posted by: jmski52



    Lot's [sic] of dry powder




    Fortunate son, America ain't failed ya yet, we guess image



    Liberty: Parent of Science & Industry

  • MsMorrisine
    MsMorrisine Posts: 40,036 ✭✭✭✭✭
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    does the new forum software have the same bug as the old one where posts sometimes don't appear immediately? I thought that bug was one reason the software was replaced.
    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • MsMorrisine
    MsMorrisine Posts: 40,036 ✭✭✭✭✭
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    Originally posted by: Baley
    Originally posted by: jmski52

    Lot's [sic] of dry powder


    Fortunate son, America ain't failed ya yet, we guess image



    and Germany will live on! We're potentially saved by punishing them less! Great! Too Big To Fail, Too Big To Jail, Too Big To Fine.

    Think of the moral hazard. Banks just need to keep little money in the "fines reserve account." Fines Lowered!

    Brilliant!

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • ChrisRx
    ChrisRx Posts: 5,619 ✭✭✭✭
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    Originally posted by: derryb
    Originally posted by: OPA
    Originally posted by: derryb
    I'm in


    derryb....Hope you got out before the roof caved in.

    Yep, but am jumping back in at a better price.



    Stop gap?
    image
  • derryb
    derryb Posts: 38,604 ✭✭✭✭✭
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    Originally posted by: ChrisRx
    Originally posted by: derryb
    Originally posted by: OPA
    Originally posted by: derryb
    I'm in


    derryb....Hope you got out before the roof caved in.

    Yep, but am jumping back in at a better price.



    Stop gap?

    pre-market hours trade for a 2.20 loss.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • TwoSides2aCoin
    TwoSides2aCoin Posts: 45,216 ✭✭✭✭✭
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    Did you buy DB , when I said ? I bought a bunch of silver eagles today, too image
  • MsMorrisine
    MsMorrisine Posts: 40,036 ✭✭✭✭✭
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    Originally posted by: TwoSides2aCoin
    Did you buy DB , when I said ? I bought a bunch of silver eagles today, too image


    Since I'm having trouble finding art bars with milk spots, I bought a few ASE at a bit over 21

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • TwoSides2aCoin
    TwoSides2aCoin Posts: 45,216 ✭✭✭✭✭
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    Seize the moment !
  • bluelobster
    bluelobster Posts: 1,223 ✭✭✭
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    NUGT continuing to rip downward, now it's severely under performing GDX only 2x the index gain vs 3x YTD
  • TwoSides2aCoin
    TwoSides2aCoin Posts: 45,216 ✭✭✭✭✭
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    In ($11.42)
  • jmski52
    jmski52 Posts: 24,011 ✭✭✭✭✭
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    Bought another couple Gold Buffs. Gold is on sale. Silver too.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • TwoSides2aCoin
    TwoSides2aCoin Posts: 45,216 ✭✭✭✭✭
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    Originally posted by: jmski52

    Bought another couple Gold Buffs. Gold is on sale. Silver too.




    Yes, put in another order today for some silver. Business doesn't stop because of a drop, or spike.
  • bluelobster
    bluelobster Posts: 1,223 ✭✭✭
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    GDX has some pretty decent support around 22.10-22.20..that would imply NUGT in the mid 10s. NUGT is under performing GDX on a relative basis now, so as usual, NUGTs technical numbers are a moving target.

    If that level holds I would expect a decent run up, otherwise look out below. It goes with out saying, this ETF has caused a lot of carnage to some peoples account balances lately.

  • derryb
    derryb Posts: 38,604 ✭✭✭✭✭
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    NUGT finally on a nice move up to a point where I can lock in some stops that will ensure short term profit.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • derryb
    derryb Posts: 38,604 ✭✭✭✭✭
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    Quite a few GDX miners should be reporting positive earnings on 10/26-10/27. Likely to give NUGT a short term boost.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • Cakes
    Cakes Posts: 3,741 ✭✭✭✭✭
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    Up is a nice turn of events, I hope it continues.

    Successful coin BST transactions with Gerard and segoja.

    Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
  • derryb
    derryb Posts: 38,604 ✭✭✭✭✭
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    GSR a good indicator for mining stock performance?

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • renman95
    renman95 Posts: 7,037 ✭✭✭✭✭
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    Up 12% thus far today, which means nothing when there's 3 hours left to play. :D

  • derryb
    derryb Posts: 38,604 ✭✭✭✭✭
    edited November 2, 2016 8:38AM
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    Stopped out for some gains.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • renman95
    renman95 Posts: 7,037 ✭✭✭✭✭
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    Trumpmentum: $1500 by the years' end. NUGT- ?
    Hillary: $1400 by the years' end. NUGT - ?

    (http://blogs.barrons.com/focusonfunds/2016/11/01/election-2016-trump-better-for-gold-but-for-all-the-wrong-reasons/?mod=yahoobarrons&ru=yahoo

  • bluelobster
    bluelobster Posts: 1,223 ✭✭✭
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    Hide the women and children, NUGT getting crushed today

  • PaleElf
    PaleElf Posts: 990 ✭✭✭
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    @bluelobster said:
    Hide the women and children, NUGT getting crushed today

    And it should continue.

  • derryb
    derryb Posts: 38,604 ✭✭✭✭✭
    edited November 10, 2016 9:05AM
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    buying @ 12.00

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • bluelobster
    bluelobster Posts: 1,223 ✭✭✭
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    NUGT probably has some decent support around 10

  • derryb
    derryb Posts: 38,604 ✭✭✭✭✭
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    @bluelobster said:
    NUGT probably has some decent support around 10

    I'm thinking 11. Holding the big buy for a better entry.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • PaleElf
    PaleElf Posts: 990 ✭✭✭
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    @bluelobster said:
    NUGT probably has some decent support around 10

    Be cautious counting on support. The reasons to own gold are disappearing and fear is waning.

  • derryb
    derryb Posts: 38,604 ✭✭✭✭✭
    edited November 11, 2016 9:15AM
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    in @ 11.01

    edited to add: out at 10.06
    looking for a lower re-entry

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • bluelobster
    bluelobster Posts: 1,223 ✭✭✭
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    Ha ha I definitely have fear...One thing for sure, NUGT will never have long term support in the true sense...but short term it can. GDX, which can have real support, has pretty strong support @22 which would be a mid to high 9 handle on NUGT, if 22 breaks on GDX convincingly, then all bets are off, imo

  • bluelobster
    bluelobster Posts: 1,223 ✭✭✭
    edited November 11, 2016 12:14PM
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    @derryb said:

    @bluelobster said:
    NUGT probably has some decent support around 10

    I'm thinking 11. Holding the big buy for a better entry.

    So much for 10, NUGT now with a 9 handle. GDX breached support low 21.70 ish, Huge selling, might bounce if that holds within a couple of percent, but looking very iffy. Might nibble on a GDX call just to roll the dice, although the craps table is probably better odds ;~)

    Edited 8 handle now..seriously epic sell off, down 50% in two days

  • renman95
    renman95 Posts: 7,037 ✭✭✭✭✭
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    $7.57...getting delicious but I think I'll wait smoe more...no hurry here.

  • derryb
    derryb Posts: 38,604 ✭✭✭✭✭
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    @renman95 said:
    $7.57...getting delicious but I think I'll wait smoe more...no hurry here.

    hold off. if India goes through with a ban on gold imports, gold will see a massive initial drop.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

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